The Manufacturers Life Insurance Company Boosts Stake in Camtek Ltd. (NASDAQ:CAMT)

The Manufacturers Life Insurance Company increased its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,245 shares of the semiconductor company's stock after purchasing an additional 152,529 shares during the period. The Manufacturers Life Insurance Company owned 1.07% of Camtek worth $39,032,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CAMT. Huntington National Bank raised its position in shares of Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares during the last quarter. Prentiss Smith & Co. Inc. increased its holdings in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after acquiring an additional 272 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Camtek by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after purchasing an additional 360 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Camtek by 4.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,600 shares of the semiconductor company's stock worth $775,000 after purchasing an additional 366 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Up 0.4 %

CAMT stock traded up $0.29 during midday trading on Tuesday, reaching $67.25. The company's stock had a trading volume of 46,756 shares, compared to its average volume of 570,110. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $140.50. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.89 and a beta of 1.36. The stock has a fifty day simple moving average of $63.25 and a two-hundred day simple moving average of $76.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, equities research analysts predict that Camtek Ltd. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Bank of America lowered their price target on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group reduced their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barclays lowered their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.13.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.